Now Gold is break out I took trade and make the plan like this. RR = 2.97 Pattern Head and shoulder, AB=CD or 1-2-3 is the same. : P
Entry 1126/ Take Profit 1116
We re looking to sell the break of the flag , we should see one more low before it turns up
Expecting a downfall long term based off technicals. Everything seems to be lined up and has broken through a major S/R so keep your eyes on the pair and sell! The trend is your friend so remember that.
#GOLD Traders looking to SELL GOLD. You've monthly S3 Pivot Level as resistance. More FREE Analysis at: telegram.me
Gold Facing Strong Resistance around 1355-56 level and Fail to hold above 1350 level. seems it can take retrace around 1320-25 level before a jump after having 200+ pips in buy now advice sell gold cmp 1344 and set pending order 1356 both sl above 1362 where TP 1321 Alert if trade 50 pips green move sl at cost
GOLD bounce off a TRENDLINE, but when we look on the price action on the higher timeframe, we can see a beautiful DOUBLE TOP meaning that the trend is currently bearrish =) -- I wont be jumping in the trade right away because i feel that it would be an early entry but around 1335 it looks like a good point to see a reversal when we look at the daily chart!...
GOLD sell idea As the higher TF remain bearish, the breakout of this triangle looks like a nice sell as the bottom TL is being retested. T1 1310.3 T2 1280 SL 2 pips + spread above last high 1360
As the higher TF's remain bearish, sell market here as the bottom TL is being retested. T1 1310.3 T2 1280 SL 2 pips + spread above last high 1344
I'm waiting on that BO on the GOLD and then I will short till 1290! then at the same level I will buy till around 1380 because on the higher timeframe the uptrend isnt done yet! -- Make sure to LIKE and FOLLOW for more CHARTS IDEAS!
SELL XAUUSD @ 1352.50 SL @ 1360 TP @ 1337
Will looking for Buying Opportunity , meanwhile we will looking for short term Short Opportunity !!!
Gold Double Wave Cycle sell Idea. As we can find a bearish divergence on the daily chart as long as the red TL holds Gold is a sell aiming 100% FE of the first cycle. TP 1 1241.49 TP 2 1226.87 SL 2 pips + spread above last high.